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Morning Bell 24 March

Bell Direct
March 24, 2020

The futures are suggesting a small bounce of 0.87% or 39 points for the Aussie share market, even as the COVID-19 pandemic continues to spread.

We saw tens of thousands of out-of-work Australians try to claim unemployment benefits, causing lines hundreds of metres long at physical Centrelink locations and for the MyGov website to crash.

ASX-listed medical equipment maker, ResMed (ASX:RMD) have said they are looking to “double or triple” its output of ventilators, and scale up ventilation mask production more than tenfold, as the world scrambles to fight coronavirus. Nick Scali (ASX:NCK) and baby furniture and equipment chain Baby Bunting (ASX:BBN) have reported positive sales momentum to date and a pickup in activity by Chinese suppliers.

On the flipside, jewellery retailer Michael Hill (ASX:MHJ) has decided to postpone its 1.5 cents per share interim dividend for six months. The Aussie dollar buys 57 US cents.

Morning Bell 29 October

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Morning Bell 26 October

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Weekly Wrap 23 October

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Morning Bell 23 October

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Morning Bell 21 October

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Morning Bell 20 October

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Morning Bell 19 October

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Weekly Wrap 16 October

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Morning Bell 16 October

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Morning Bell 15 October

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